City solar cells will shine for generator in Spain (60 MW project)

[jpak]

http://www1.shanghaidaily.com/art/2006/09/12/291666/City_solar_cells_will_shine_for_generator_in_Spain.htm

SHANGHAI Electric Group Co, China's biggest industrial equipment manufacturer, will double its production capacity for solar cells to 100 megawatts by the end of this year to meet the world's growing demand for green energy, officials said yesterday, without disclosing the size of the investment.

The group has began to make solar cells for the world's largest solar power system after one of its subsidiaries won a bid to become the project's major supplier, company officials said yesterday.

"We are also looking at other solar power system projects, and we hope we can get them," said Zhu Yuanhao, vice general manager of the group's environmental production division.

The upcoming project, located in Murcia, Spain, will be equipped with 60 megawatts of generating capacity and cost 2 billion yuan (US$250 million) to build.

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[electropop]

1. The breakeven point is at hand.

This is very exciting!

On edit: Too bad America isn't in this game. New energy sources should have been our next industrial revolution. Now they're eating our lunch.